Commerce Secretary’s Firm Puts 39.2% of Holdings in MicroStrategy
Howard Lutnick, the U.S. Secretary of Commerce and CEO of Cantor Fitzgerald, has allocated 39.2% of his firm's stock holdings to MicroStrategy (MSTR), known for its significant Bitcoin reserves. Key points include:
- MSTR constitutes a dominant part of Cantor Fitzgerald’s portfolio, surpassing major companies like Nvidia, Tesla, and AMD.
- This concentration is unusual for a firm of its size and profile.
- Lutnick's position indicates a potential institutional shift towards cryptocurrency investments.